Tagged: citi

November 13, 2020 @ 2:39 pm By Omar Faridi  |  

UK-headquartered low code application developer Dextcloud has reportedly received an investment from Citi. The amount invested by Citi has not been disclosed, however, it’s notably the second such deal finalized by the US-based bank in the past two months. Dextcloud offers firms a low code… Read More

October 14, 2020 @ 9:00 am By Emma Channing  |  

Back in December, I wrote a piece for Coindesk’s Year in Review 2019 entitled “Security Token Offerings Are (Finally) Set for Takeoff in 2020”.  This was before word of COVID-19 became widespread and before many of the cataclysmic events of 2020 were even imaginable.  Thus… Read More

October 6, 2020 @ 10:43 am By Omar Faridi  |  

Stephen Murphy, CEO at Genesis, a leading Low Code Application Platform (LCAP) and solution provider for the financial markets, has confirmed that his company has received a “strategic” investment from Citi (NYSE:C). The capital will be used to accelerate the growth of the company’s operations… Read More

September 10, 2020 @ 9:47 pm By Samantha Hurst  |  

Capitolis, a U.S.-based SaaS platform that drives financial resource optimization for capital markets, announced on Thursday it secured a strategic investment from Citi, J.P. Morgan and State Street. Founded in 2017, Capitolis claims its network software enables financial institutions to optimize their balance sheets, which… Read More

August 30, 2020 @ 8:11 pm By Omar Faridi  |  

Copenhagen Fintech, a Denmark based organization supporting financial technology, is teaming up with the United Nations Development Program (UNDP) and several other organizations in order to help Nordic Fintechs with launching operations in Singapore. The initiative is aimed at assisting Nordic Fintechs with setting up… Read More

August 3, 2020 @ 6:49 pm By Omar Faridi  |  

Volante Technologies Inc., a provider of payments and financial messaging solutions in the cloud, revealed on August 3, 2020, that it has secured $35 million in growth equity financing. The latest investment into Volante’s operations was led by Wavecrest Growth Partners, along with participation from… Read More

May 15, 2020 @ 8:12 am By JD Alois  |  

  Singapore based Fintech Spark Systems has closed on a “Series BB” funding round raising S$15m (USD $10.5m). The funding comes from Citi and HSBC as well as OSK Ventures. They will join the existing investor base including; Vickers Venture, Dymon Asia Ventures, Dymon Asia… Read More

May 5, 2020 @ 9:44 am By Samantha Hurst  |  

Proxymity, a digital investor communications platform that was developed within Citi’s Institutional Clients Group, announced on Tuesday it has raised $20.5 million in a strategic round of investment, with participation from BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street. The… Read More

March 26, 2020 @ 6:48 pm By Omar Faridi  |  

New York-based Citi, an American multinational investment bank and financial services corporation with over $1.9 trillion in total assets, has reportedly increased its equity stake in komgo, a company that’s developing an Ethereum (ETH)-powered enterprise blockchain platform for trade financing. Citi confirmed that it began… Read More

March 24, 2020 @ 3:41 pm By JD Alois  |  

Citi is the most recent traditional bank to tell customers that some branches are closed due to the Coronavirus pandemic. Citi operates over 4600 branches around the country.  A report in Bloomberg today laid the blame at the drop in foot traffic to the bank… Read More

March 19, 2020 @ 4:38 pm By Omar Faridi  |  

Banking challenger Judo Bank has reportedly agreed to a three-year long, $350 million committed facility with giant multinational bank Citi. This should help Judo Bank provide funding to small businesses that may be struggling to meet expenses due to the coronavirus (COVID-19) outbreak. The commitment… Read More

January 31, 2020 @ 8:46 am By Samantha Hurst  |  

Citi announced on Thursday the launch of its new tool Citi Wealth Builder, which is described as a digital investing platform with professionally managed portfolios that, in a matter of minutes, helps new and existing customers get on track and stay on track to meet… Read More

January 8, 2020 @ 11:23 am By Samantha Hurst  |  

YieldStreet, an online marketplace for a diverse array of asset-backed investments, announced on Wednesday it has formed a new partnership with Citi to access investment opportunities across private credit markets, which includes Real Estate, Aviation, Shipping, Telecommunications, as well as other structured credit products. YieldStreet… Read More

December 16, 2019 @ 12:05 pm By Samantha Hurst  |  

Citi (NYSE: C) and PayPal (NASDAQ: PYPL) announced on Monday they have expanded their partnership to enable Citi’s institutional clients to make payments into customers’ PayPal digital wallets. According to the duo, the extended partnership brings together Citi’s large global network and client base of… Read More

December 9, 2019 @ 2:05 pm By Samantha Hurst  |  

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

November 22, 2019 @ 11:47 am By Omar Faridi  |  

New York-based Citigroup Inc.,  (NYSE:C)an American multinational investment bank and financial services corporation, has been named the “World’s Best Digital Bank” by Global Finance Magazine. Notably, this is the 18th consecutive year that Citi has been ranked as the best digital bank worldwide by the… Read More

November 20, 2019 @ 2:52 pm By Samantha Hurst  |  

Citi announced on Wednesday it has launched a new cross-border platform to help its multinational clients manage the complexities in collecting cross border business-to-business payments. According to Citi, Citi Global Collect will help multinational clients continue to extend their global reach. The financial group claims… Read More

November 13, 2019 @ 9:32 am By JD Alois  |  

Global tech giant Google is pushing further into Fintech with the revelation of a forthcoming consumer checking service. First reported in WSJ.com, Google is expected to partner-up with Citigroup, along with a small credit union at Stanford University, to provide checking accounts. The project is… Read More

October 22, 2019 @ 7:04 am By Omar Faridi  |  

Citi’s Treasury and Trade Solutions (TTS) has released a new Citi Supplier Finance offering, with WorldLink Payment Services (WorldLink). The solution provides access to platforms that allow users to transact in several major currencies for settlement. Citi’s new solution is currently available in the US…. Read More

October 8, 2019 @ 11:09 am By Samantha Hurst  |  

Citi announced on Tuesday it has formed a new partnership with Cachematrix, a software as a service fintech firm that is focused on simplifying cash management, to launch refreshed digital investment platform. “The new Online Investments MMF solution will allow treasury professionals to manage their… Read More